NYC Minimum Wage Law Forcing Higher Prices and Restaurant Closures

Liberals in New York City are learning economics 101 the hard way, by voting to increase the minimum wage they have voted themselves out of work…

Breitbart reported:

According to a report from The Wall Street Journal, New York City restaurants are suffering as a result of a two dollar increase in the minimum wage that took place at the end of 2016.

 “It’s going up too fast,” said Jeremy Merrin, the owner of a chain of Cuban restaurants. Merrin said minimum wage increases forced him to close two of his New York City locations and raise prices at his others. “We can’t catch our breath,” he added.

Angelica Kitchen, long a staple of the East Village, closed their doors after 40 years of operation in response to the increased cost of labor mandated by the new wage policy. “I felt like I was being regulated in a way that took certain choices away from me that I felt belonged to me, rightfully, as a business owner,” owner Leslie McEachern said.  “I’m not trying to undercut or underpay anybody, but I also don’t know what’s coming down the pike.”

Despite the negative effects of December’s increase, minimum wages in the city are set to increase again by another two dollars at the end of 2017.

Just wait, once robots become mainstream more and more people are going to be losing their jobs…

(Image: Screenshot)

Follow Ryan Saavedra on Twitter: @RealSaavedra

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